Sadbhav PIMA Private Limited agreed to acquire 10% stake in Nagpur-Seoni Express Way Private Limited from Indinfravit Trust (BSE:541300), managed by L&T Infrastructure Development Projects Limited, Investment Arm for INR 1 million on October 19, 2022. As on November 1, 2022, Sadbhav PIMA Private Limited entered into a share purchase agreement to acquire 10% stake in Nagpur-Seoni Express Way Private Limited from Indinfravit Trust (BSE:541300), managed by L&T Infrastructure Development Projects Limited, Investment Arm for INR 1 million. Transaction will subject to the receipt of necessary statutory, corporate, or regulatory approvals or consents, including shareholders approval, satisfaction of the relevant conditions precedent and other considerations, including those set out in the share purchase agreement.

Sadbhav PIMA Private Limited completed the acquisition of 10% stake in Nagpur-Seoni Express Way Private Limited from Indinfravit Trust (BSE:541300), managed by L&T Infrastructure Development Projects Limited, Investment Arm on May 19, 2023.